FirmaIQ
Org.nr 985 140 421 2005 → 2006 Year-over-year analysis

VERDIPAPIRSENTRALEN ASA: årsregnskap 2006 vs 2005

Grew 22% on revenue, cash halved-plus

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2006 with 2005 for VERDIPAPIRSENTRALEN ASA. Revenue 330.93m NOK → 404.26m NOK (+22.2%). Equity 262.89m NOK → 307.79m NOK.

On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: cash fell.

Also worth watching: sharp cash drawdown; payroll increased; book investments changed. All figures are taken from the published annual accounts for VERDIPAPIRSENTRALEN ASA.

At a glance

Scorecard

Revenue
330.93m NOK 404.26m NOK
+22.2%
Operating result
+150.42m NOK +208.78m NOK
+38.8%
Equity
262.89m NOK 307.79m NOK
+17.1%
Cash
13.17bn NOK 200.61m NOK
-98.5%
Total assets
322.81m NOK 404.91m NOK
+25.4%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 330.93m NOK to 404.26m NOK (+22.2% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +150.42m NOK → +208.78m NOK (op. margin 45.5% → 51.6%). Calculated

  • ↑

    Equity strengthened

    Book equity 262.89m NOK → 307.79m NOK (equity ratio 81.4% → 76.0%). Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 13.17bn NOK → 200.61m NOK (-98.5% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (13.17bn NOK → 200.61m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    Payroll increased

    Salary cost 89.53m NOK → 105.85m NOK (27% → 26% of revenue). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 34.01m NOK → 35.24m NOK. Reported fact